VANCOUVER, BC–(Marketwired – May 25, 2016) – Almaden Minerals Ltd. (“Almaden” or the “Company”) (TSX: AMM) (NYSE MKT: AAU) is pleased to announce that it has closed a non-brokered private placement involving the issuance of 3,229,082 units (“Units”) at $1.35 per Unit. Each Unit consists of one common share of the Company and one-half of one non-transferable common share purchase warrant (each such whole share purchase warrant, a “Warrant”). Each Warrant allows the holder to purchase one common share of the Company at a price of $2.00 per share until November 25, 2018. Fees consisting of $147,925 in cash and warrants to purchase up to 45,944 common shares at a price of $1.44 per common share until November 25, 2018 were paid to PI Financial Corp. and other arms-length finders on a portion of the placement.